Over half of British people (60 per cent) cannot identify the famous people on UK banknotes, according to a new study by cash-back site Quico.

The Payments Security Task Force’s eight financial institutions reported that 30 per cent of their US consumer credit and debit cards contain EMV chips as of June 30. These issuers represent approximately 50 per cent of US payment card volume.

The online and mobile credentials management company has announced details of a partnership with Loot, a prepaid card and smart-money management app for students.

Discover, one of the largest financial services companies in the United States, has announced a partnership with cross-border payments solution firm Checkout.com. The new agreement will help drive Discover’s credit card acceptance rate.

Pillsbury Winthrop Shaw Pittman, an energy-focused international law firm, has appointed cryptocurrency veteran Patrick Murck as special counsel in its Washington DC office.

Following the recent launches of both Samsung and Android Pay in the US, mobile payments are quickly gaining traction. But to ensure a new payment method remains popular with consumers, it is important to understand why and where they would use it. This handy infographic from Application Developers Alliance breaks down the data about mobile payments.